These two prime development properties overlooking the Pacific Ocean on Ecuador’s Coast are a developer’s dream, with unobstructed beach views and dazzling sunsets and full estate-sized lots. Totalling 107,855 square meters in size, these two lots sit side by side and together, make the largest piece of property available with an escritura (title deed) along that portion of the coast, which is known as the “Malibu of Ecuador.”
The two properties — some of the best undeveloped land still available on Ecuador’s coast — can be sold separately or as a package.
These spectacular development properties are located in Olon, a hugely popular small coastal city favored by Ecuador’s elite who have second homes in the area and by expats and retirees from around the world.
The beaches in Olon — considered the best in the country — are rivalled only by the diverse flora and fauna found in the area, making Olon a favorite tourist destination as well.
Situated on the Santa Elena Penninsula, midway on Ecuador’s coastline, Olon is only 5 minutes north of the famed surfing capital of Ecuador, Montañita, and a two and a half-hour drive from the metropolis of Guayaquil, Ecuador’s 2nd largest city with an international airport.
The first plot of land, Lomas South, is 36,155 square meters with incredible ocean views from the west 6 lots. This land is urbanized and has access to electrical. The Olon water line is about 1/2 kilometers from the land. There are 7 lots in this parcel.
As a stand-alone sale, the asking price of Lomas South is $595,000 or $16.45 per sq meter.
The second area for sale is Lomas Central (West). This area is also urbanized and has a Town of Olon water line on the property. The owners have paid for the electrical lines that run across the top of the property. The total lot consists of 71,700 square meters of which 75% is Ocean view. There are 11 lots in this parcel.
As a stand-alone sale, Lomas Central is $40 per square meter or $2,850,000.
The two pieces of property together total 107,855 square meters and the asking price for both plots of land is $3,445,000.
The owners will consider financing the property with a negotiated higher price and with a 50% down payment.
Additionally, there are currently 5 lots for sale in Lomas North that can also be purchased either individually or as a package. Lomas North, like the other two properties, is urbanized and has electrical and water available.
Here are the prices for the individual lots in Lomas North. If the buyer purchases more than one lot, negotiations are possible.
For more information and detailed plot maps, please contact Ashley@ecuadoratyourservice.com.